Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 42,661,494.19, an increase of 18.49% compared to RMB 36,002,830.52 in 2022[4]. - The loss attributable to the owners of the company for the year was RMB 6,989,010.94, an improvement from a loss of RMB 21,606,146.55 in 2022[4]. - Total operating revenue for 2023 reached RMB 42,661,494.19, an increase of 18.5% compared to RMB 36,002,830.52 in 2022[16]. - The company's net loss for 2023 was RMB 9,787,235.98, compared to a net loss of RMB 8,544,310.02 in 2022, indicating a worsening of 14.5%[16]. - The total profit for 2023 was RMB -6,995,713.22, compared to RMB -21,838,255.21 in 2022, reflecting a decrease in total losses of approximately 68.0%[19]. - The company's basic and diluted earnings per share for 2023 were both RMB -0.0146, improving from RMB -0.0450 in 2022[19]. - The company's total comprehensive income for 2023 was RMB -6,881,265.27, an improvement from RMB -21,491,924.97 in 2022, reflecting a reduction in comprehensive losses by approximately 68.0%[19]. Assets and Liabilities - Current assets totaled RMB 24,826,693.21 as of December 31, 2023, down from RMB 26,873,821.01 in 2022[5]. - Non-current assets decreased to RMB 14,572,606.24 in 2023 from RMB 21,336,790.97 in 2022[7]. - Total assets amounted to RMB 39,399,299.45, a decline from RMB 48,210,611.98 in the previous year[9]. - Total liabilities were RMB 20,631,392.49, down from RMB 22,561,439.75 in 2022[11]. - The company's equity attributable to shareholders decreased to RMB 18,767,906.96 from RMB 25,649,172.23 in 2022[11]. - Accounts payable increased to RMB 10,954,005.19 in 2023 from RMB 9,197,180.73 in 2022[9]. - Contract liabilities rose to RMB 2,845,187.24 in 2023, compared to RMB 1,905,211.99 in 2022[9]. Cash Flow - Cash and cash equivalents decreased to RMB 17,576,695.74 in 2023 from RMB 19,522,781.25 in 2022, a decline of 10%[12]. - The net cash flow from operating activities was negative at RMB -5,025,955.76, an improvement from RMB -10,512,925.10 in the previous year[25]. - Total cash outflow from operating activities amounted to RMB 57,433,315.82, up from RMB 48,745,212.19 in 2022, indicating a 17.5% increase[25]. - Cash inflow from investment activities totaled RMB 10,385,981.34, a decrease of 6.5% compared to RMB 11,102,161.95 in 2022[26]. - The net cash flow from investment activities was RMB 5,385,981.34, down from RMB 11,073,752.36 in the previous year, reflecting a decline of 51.3%[27]. - Cash outflow from financing activities was RMB 2,506,140.00, significantly higher than RMB 67,298.21 in 2022, marking an increase of 3,620.5%[29]. Dividends and Retained Earnings - The company did not recommend the distribution of a final dividend for the year, consistent with the previous year[4]. - The company plans to not distribute dividends for the fiscal year ending December 31, 2023[175]. - The company's retained earnings showed a significant decline, with an unallocated profit of –79,500,977.13[32]. Research and Development - The company's research and development expenses for 2023 were RMB 4,827,757.25, slightly decreased from RMB 5,312,197.56 in 2022[21]. - The company’s R&D expenses for the year were approximately $4.83 million, a decrease from $5.31 million in the previous year[174]. Accounting Policies - The financial statements were approved by the board of directors on March 21, 2024, and will be submitted for shareholder approval[36]. - The company’s financial statements are prepared in accordance with the relevant accounting standards and regulations[37]. - The company follows a short operating cycle, using 12 months as the standard for classifying the liquidity of assets and liabilities[43]. - The company prepares and discloses financial statements based on the principle of materiality, with specific thresholds for significant provisions and investments set at 10% of total receivables or 5% of net assets[46]. Revenue Recognition - Revenue is recognized when the customer obtains control of the related goods or services, considering factors such as the right to receive payment and transfer of ownership[130]. - For sales with return clauses, expected returns are recognized as liabilities, while the expected recoverable value of returned goods is recognized as an asset[131]. - Revenue from the sale of electrical products is recognized at the point of delivery and customer acceptance, while revenue from software solutions is recognized over the performance period[134]. Financial Instruments - The company recognizes financial assets when it becomes a party to the financial instrument contract, and derecognizes them under certain conditions[62]. - The company employs an expected credit loss model for impairment assessment of financial instruments and contract assets, considering historical repayment data and macroeconomic indicators[86]. - The company recognizes inventory at cost and assesses for impairment when the cost exceeds the net realizable value, with full impairment provision for products older than two years[93]. Equity and Share Capital - The company reported a total of 48,000,000.00 in share capital, consistent with prior periods[32]. - The company's registered capital increased to RMB 48,000,000.00, with a total of 48,000,000 shares outstanding[36]. - The total equity of the company as of the end of 2023 is RMB 77,308,349.20, with a decrease of RMB 6,916,886.57 compared to the previous year[33].
交大慧谷(08205) - 2023 - 年度业绩